[lbo-talk] Picking Through the Bone Pile
dredmond at efn.org
dredmond at efn.org
Tue Jun 2 17:20:24 PDT 2009
GM sold its stakes in Subaru (via Fuji Heavy), Fiat, Suzuki and Isuzu in
2005-2006 in a desperate bid to raise cash. It didn't stop the bleeding.
Now Pontiac is shutting down, Saturn is up for sale, Bearzilla has bought
Opel, and in a final irony, Asiazilla has bought Hummer:
http://news.bbc.co.uk/2/hi/business/8080349.stm
-- DRR
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